JobKeeper: Do I Need to Pay Super?

“Do I have to pay superannuation on the JobKeeper payments?” 

There are three relatively common examples your  team members might be in.

1. Team members that have been stood down – not giving any hours to the business. You still need to pay the minimum $1,500 per fortnight to receive the JobKeeper payment for them. Any top-up amount or the full $1,500 is paid to an employee that has been stood down, there’s actually no super on that at all, which is great.

1. Team member working part time or not on high wages (one or two days a week) receiving about $500 a fortnight. Keep in mind, you have to top up their pay to $1,500 a fortnight for you to be eligible for the JobKeeper payment. Let’s say, they’re working still and they’re earning $500. With the $500, that’s what you would normally pay super on. But any top-up amounts to take them up to the JobKeeper level, there’s no superannuation requirement on that portion, which is great.

1.  Team members paid more than $1,500 a fortnight – they’re still working for the business, they’re not stood down and they haven’t been terminated. Now, they’re already getting paid more than the minimum $1,500 per fortnight and if they’re working, then yes, you still have to pay superannuation on their salary or their wages.

So if they’re stood down, then no, you don’t have to pay super on the minimum JobKeeper payment.

If they’re earning something but not the full $1,500 and you have to top up their wage, you pay super just on what they’ve earned, not on that top up.

And if someone’s earning more than the JobKeeper and still working, then of course, no rules have changed there. There’s still superannuation on their salary.

If you need help with JobKeeper book a strategy call with one of our accountants: https://calendly.com/inspireca/strategycall